Update the schedule of unfinished jobs and the schedule of finished jobs.

Credit Balance Cash 6,000 107 2,000 0 You are able to locate the following trial balance as of December 31, 2020. Account Number Account Debit Balance 101 68,000 102 Accounts Receivable 24,000 103 Prepaid Rent 2,000 104 Materials inventory 12,000 105 Work In Process 14,000 106 Finished Goods Equipment 10,000 108 Accumulated depreciation 109 Factory Overhead 201 Accounts Payable 202 Wages Payable 203 Long Term Note Payable Capital Account - Jet 302 Capital Account - Plane Drawing Account - Jet 6,000 304 Drawing Account - Plane 6,000 Revenue 501 Cost of Goods Sold 502 Marketing Expenses 503 G&A Salaries 504 General Office Rent 505 Other Expenses 148,000 40,000 10,000 8,000 44,000 44,000 301 303 401 148,000 Schedule of Unfinished Jobs: Classification Direct Materials Direct Labor Job Factory Overhead Total 1458 Mountain 1459 Racing 1460 Racing 1462 Hybrid 1463 Hybrid 600 1,200 1,200 700 700 1,400 2,000 2,000 1,000 1,000 300 600 600 350 350 2,300 3,800 3,800 2,050 2,050 Total 14,000 Schedule of finished Jobs: Direct Materials Classification Direct Labor Factory Overhead Job Total 1456 Mountain 1457 Mountain 900 900 1,650 1,650 450 450 3,000 3,000 Total 6,000 Transactions in January, 2021: 1/1: Performed a check run and paid a total of $22,000 from the Accounts Payable balance. 1/3: Purchased $10,000 in additional materials. 1/4: Sponsored a kids run as a marketing promotion for $1,000 1/7: Sold job number #1456 to the customer. 1/8: Paid payroll from December for $5,000. 1/9: Collected $10,000 from customers from sales in December 1/10: Expense the prepaid rent for January. Of this amount, $1,000 is for factory overhead and $1,000 is for general office facilities. 1/11: Incurred an additional $100 in materials, and $100 in direct labor for jobs #1462 and #1463. Note: They both incurred the same $200 additional costs. 1/11: Applied the additional factory overhead for job #1462 and #1463. 1/11: Completed job #1462 and #1463. 1/13: Received a bid to start job#1464 which will be a racing bike. Requisitioned $800 in direct materials from the storeroom and incurred $1,500 in direct labor. 1/13: Applied the factory overhead for this job. 1/15: Incurred indirect labor for $950 and general and administrative salaries for $2,000. 1/17: Sold job #1463 to the customer. 1/24: Received the utilities bill for the factory in the amount of $200. 1/24: Purchased lunch for the accountants during a working session in the general office $250. 1/31: Record the depreciation on the factory equipment for January. The equipment was purchased in January, 2018 for $10,000. It has an estimated useful life of 10 years with no residual value. The Company uses straight line depreciation. 1/31: Clear out the factory overhead to Cost of Goods Sold